Jacques de Vaucleroy, chairman of Swiss Re, hopes that higher prices will prompt catastrophe-exposed property owners to better prepare for climate risks.
CyberCube report predicts that over the next decade cyber will become a peak peril, driving growth of cyber insurance premiums, as well as demand for capital.
“We have from one to 50 different insurers utilizing the data we gather. We want our clients, the insureds, to walk into their market meetings every year armed with this data to present to the markets.”
“My dad was in the oil and gas business for most of his career. What I liked about what my dad’s way of working was that he was there for us. He could build his own schedule.”
U.S. recall events decreased in Q2 2024, but defective units surged, presenting regulatory challenges across major industries, according to Sedgwick’s U.S. Recall Index.
The excess and surplus lines property insurance market defies 2023 predictions, with rate decreases gaining momentum, according to Risk Placement Services.
To ensure strong governance practices, it’s essential to comply with ESG regulations, uphold ethical business standards, and maintain transparent reporting.
“Before founding Five Sigma, I witnessed firsthand the inefficiencies and archaic systems in the commercial insurance industry while working as a CFO for an energy company in the UK. Upon returning to Israel, I teamed up with deep tech experts to identify real-world problems that could be solved by leveraging data effectively.”
“A cyber event doesn’t hit the entire world at once; it starts in one spot and slowly spreads, much like a virus. However, it can be fought, just like your body fights a virus.”
We asked the Gallagher client executive about the challenges currently facing her education-sector clients — and the brokering philosophy she uses to help overcome them.